Ireland Inflation Rate Unchanged at 0.5% in April


Consumer Prices in April, as measured by the CPI, remained unchanged in the month. Prices also showed no change in April of last year. Prices on average, as measured by the CPI, were 0.5 percent higher in April compared with April 2012.

The annual rate of inflation for Services was 1.7 percent in the year to April, while Goods decreased by 1.0 percent. Services, excluding mortgage interest repayments, increased by 2.5 percent in the year since April 2012.

The CPI excluding tobacco for April decreased by 0.1 percent in the month and was up by 0.4 percent in the year. The CPI excluding energy products rose by 0.1 percent in the month and increased by 0.6 percent in the year. The CPI excluding mortgage interest remained unchanged in the month and rose by 1.0 percent in the year.
 
The divisions which caused the largest upward contribution to the CPI in the year were Alcoholic Beverages & Tobacco (+0.29 percent), Miscellaneous Goods and Services (+0.27 percent), Restaurants & Hotels(+0.25 percent) and Food & Non-Alcoholic Beverages (+0.18 percent).
 
The divisions which caused the largest downward contribution to the CPI in the year were Transport (-0.24 percent), Communications (-0.16 percent) and Furnishings, Household Equipment and Routine Household Maintenance (-0.14 percent).

CSO | Nuno Fontes | nuno@tradingeconomics.com
5/9/2013 11:06:26 AM